The report of global 5G chip market by IC Type (ASIC, RFIC, Cellular IC, and mmWave IC), operational frequency (sub 6ghz, between 26 & 39 GHZ, and above 39 GHZ), product (devices, customer premises equipment, and network infrastructure equipment), and industry vertical (automotive & transportation, energy & utilities, healthcare, retail, consumer electronics, industrial automation, and others) and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.
The important benefits of 5G network would be its low latency and greater bandwidth. Higher bandwidth allows more amount of data that can flow via the network simultaneously, while lower latency allows the time taken to travel from one point to another in minimum amount of time. The latency of the 5G network is expected to be as low as 1mS. Additionally, other favourable characteristics of 5G include very high coverage, low power consumption for mobile phones as well as IoT devices, and maximum availability of the network.
Rise in usage of mobile broadband is expected to drive the growth of the 5G chipset market. The demand for higher internet speed by the consumers which is met by the 5G network along with increase in demand for mobile data services is anticipated to remarkably boost the 5G chipset market growth.
26-39 GHz frequency segment is dominating the global 5G chip market.
Chipsets operating in the range of 26-39 GHz frequency segment would portray the fastest CAGR of 60% throughout the study period, due to their ability to cater to multiple 5G devices and better availability of frequency band for seamless connectivity. However, the sub 6 GHz frequency segment is projected to hold the largest share in the market in 2020, contributing about 78% of the total share, as maximum of the consumer electronic devices such as laptops and smartphones fall under this operating frequency. Furthermore, the report analyses the above 39 GHz frequency segment.
Devices segment is leading the global 5G chip market.
Devices segment is expected to hold the largest share in 2020, contributing more than three-fourths of the total market, because of the projected surge in the number of devices that would be embedded with 5G chip. Though, the network infrastructure equipment segment is expected to register the fastest CAGR of 51.6% over the study period, owing to surge in the number of smart city projects across the world.
The Asia Pacific has the largest market share for global 5G chip market during the forecast period.
The Asia-Pacific is expected to dominate the global 5G chip market, followed by North America. In 2020, the U.S. is anticipated to dominate the North America market and Germany is expected to lead the overall market in Europe. Whereas, in Asia-Pacific, China is anticipated to dominate the market. The Asia-Pacific region is on the track to become the world’s major 5G region by 2026, led by the pioneering 5G markets that are China, Japan, South Korea, and Australia, according to the latest edition of the GSMA’s Mobile Economy report.
Key players operating in global 5G chip market, Qualcomm Technologies Inc., MediaTek Inc., Intel Corporation, Samsung Electronics Co. Ltd, Xilinx Inc., Nokia Corporation, Broadcom Inc., Infineon Technologies AG, Huawei Technologies Co. Ltd, Integrated Device Technology Inc., Anokiwave Inc., Qorvo Inc., MACOM Technology Solutions Holdings Inc., Cavium Inc., Advanced Micro Devices, Inc., Texas Instruments, Inc., NXP Semiconductors NV, Analog Devices, Inc.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global 5G chip market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global 5G chip market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global 5G chip market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “5G Chip Market”
https://www.maximizemarketresearch.com/market-report/global-5g-chip-market/26817/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908